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Nord Precious Metals Advances Recovery Permit Application with Ministry Guidance on District-Scale Silver Processing
Thenewswireยท 2025-09-10 14:10
Core Insights - The Ontario Ministry of Energy and Mines has provided guidance for Nord Precious Metals Mining Inc. regarding an expedited pathway for its Recovery Permit application, allowing for toll processing of materials from neighboring silver properties, positioning Nord as a potential regional processing hub for legacy tailings recovery in North America [1][2][4] Group 1: Regulatory Developments - The Ministry's written response confirms that toll processing arrangements can be included in Nord's application, establishing the Temiskaming Testing Labs (TTL) facility as a processing hub for the Cobalt-Gowganda Camp's legacy tailings, where 108 underground mines historically produced 600 million ounces of silver [2][5] - The Ministry has invited Nord to submit draft applications for preliminary review, streamlining the process by eliminating the need for a closure plan, which has historically been a time-consuming element of permit applications [4][8] Group 2: Strategic Positioning - Nord aims to unlock value from waste streams in North America's richest historic silver district, demonstrating that substantial value exists in its industrial heritage, while others pursue expansion across multiple continents [3][5] - The company is positioned to become a "Waste-to-Market" operator, processing orphaned tailings deposits and transforming environmental liabilities into cash-generating feedstock [5][7] Group 3: Technical and Operational Readiness - Nord's proven metallurgical process has successfully produced a 1,000-ounce silver bar and battery-specification cobalt sulfate from initial testing, applicable across diverse feed sources without significant modification [6][11] - The company has maintained agreements with three First Nations groups, ensuring social license and community support, which typically takes years for junior companies to achieve [8][10] Group 4: Future Plans and Execution - The formal permit submission to the Ministry is planned for Q4 2025, with initial processing targeted to begin in 2026 following the commissioning of a 600 tonne-per-day gravity plant [13]